on LAIQON AG (isin : DE000A12UP29)
Mixed H1 Report for LAIQON AG Highlights Challenges and Growth
LAIQON AG's H1 2024 results reflect complexities from divestments and growth investments. Despite a 7% YoY decline in reported sales to €14.7m due to the sale of a non-core business unit, adjusted sales rose by 7%. Key segments showed resilience, with Asset Management growing 6% and Digital Wealth rising by 27% YoY.
LAIQON remains unprofitable on an EBITDA level, recording a negative €2.9m. However, adjusted figures indicate a slight improvement. The company expects positive impacts from its Union Investment cooperation next year, which should boost profitability.
Cash reserves decreased to €4.3m due to negative working capital swings. Yet, new capital measures should provide sufficient runway to execute upcoming projects like the 'WertAnlage' launch in Q4 2024.
Mid-term targets for AuM are likely to be met, leaning towards the lower end at €8bn by Y/E 2025. LAIQON projects an EBITDA break-even in FY 2025, contingent on the successful launch and growth of new initiatives.
R. E.
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